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HDFC Gold ETF vs Axis Gold ETF

HDFC Gold ETF and Axis Gold ETF head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Gold ETF schemes — see the best gold etfs for the full ranking.

Head to head

NAVs as of 16 Oct 2026

HDFC Gold ETFAxis Gold ETF2 of 4 funds

Growth of ₹100 (rebased over the selected window)

Common period 16 Nov 2010 – 16 Oct 2026, limited by Axis Gold ETF. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one. Gold (ETF NAV) history starts 07 Nov 2016, so that benchmark is not plotted over this window — pick a shorter range to see it.

View as table
Growth of ₹100, sampled across the common period
DateHDFC Gold ETFAxis Gold ETF
16 Nov 2010₹100.00₹100.00
14 Mar 2012₹133.09₹132.83
12 Jul 2013₹128.18₹127.86
08 Nov 2014₹119.77₹119.34
07 Mar 2016₹142.14₹141.92
04 Jul 2017₹130.51₹125.33
01 Nov 2018₹145.94₹140.61
28 Feb 2020₹191.15₹186.03
26 Jun 2021₹210.26₹204.33
24 Oct 2022₹219.71₹214.05
20 Feb 2024₹270.04₹262.75
19 Jun 2025₹424.53₹413.92
16 Oct 2026₹617.94₹601.70
HDFC Gold ETF, Axis Gold ETF compared on return, risk, benchmark-relative, cost and portfolio metrics.
Metric
HDFC
NAV ₹123.99
Moderately High risk
Unrated
Axis
NAV ₹120.90
Moderately High risk
★★★☆☆
+14.15%Best in row+13.99%
+33.97%+34.05%
+23.71%+23.76%
+16.07%Best in row+15.78%
+12.42%+11.94%
+28.43%+28.45%
+9.98%Best in row+9.73%
+9.14%Best in row+8.99%
+9.09%Best in row+8.81%
Risk
19.69%19.35%Best in row
1.401.42
1.992.02
-29.59%-29.57%
+0.26%+0.23%
100.2%100.3%
99.2%99.5%
0.59%0.52%Best in row
₹23,492Cr₹5,471Cr
None—
Bhagyesh Kagalkar · 4.7yAditya Pagaria
13 Aug 201016 Nov 2010
1.5%2.0%
8 rows carry the same value for every fund — show
Benchmark
Gold (ETF NAV)
Beta
1.00
Lock-in
—
Min SIP
—
Min lumpsum
—
Portfolio turnover
—
Holdings
—
Top 10 weight
—

Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.

Frequently asked questions

Which fund has delivered higher returns — HDFC Gold ETF or Axis Gold ETF?

Over the last 3 years, Axis Gold ETF returned +34.05% CAGR against HDFC Gold ETF's +33.97%, computed from AMFI NAV history. Over 5 years: HDFC Gold ETF +23.71% vs Axis Gold ETF +23.76% CAGR. Past returns don't guarantee future performance.

Which fund is cheaper — HDFC Gold ETF or Axis Gold ETF?

Axis Gold ETF has the lower expense ratio: HDFC Gold ETF charges 0.59% a year against Axis Gold ETF's 0.52%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.

Which fund is riskier — HDFC Gold ETF or Axis Gold ETF?

HDFC Gold ETF has shown higher volatility (+19.69% annualized vs Axis Gold ETF's +19.35%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: HDFC Gold ETF -22.27% vs Axis Gold ETF -22.25%.

Which fund manages more money — HDFC Gold ETF or Axis Gold ETF?

HDFC Gold ETF is the larger fund: HDFC Gold ETF manages ₹23,492Cr against Axis Gold ETF's ₹5,471Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.

Are HDFC Gold ETF and Axis Gold ETF in the same category?

Yes — both are Gold ETF schemes, so their returns, risk and cost are directly comparable against the same peer set.

Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.